New Jersey officially legalized online gambling in 2013, making it the third state in the United States to do so. It is now a meeting place for the online gambling community and operators to enjoy gambling on the go and to earn profits. This booming business in the gaming scene became a continuous source of profit for the state. In fact, its regulated online gambling market revenue rose by nearly one-quarter in 2017, with $20.75m generated revenue in December. For the entire year, total online revenue jumped to 245.6m.
Online casinos in New Jersey upholds the rules and regulations provided by the Division of Gaming Enforcement. Only registered casinos are legally allowed to operate online gambling activities, and they are required to get the customers’ social security numbers upon sign-up for verification purposes.
LAND-BASED AND ONLINE CASINO UPGRADES
It is safe to say that gambling is now the bread and butter of New Jersey, may it be online or land-based casinos. Atlantic City or also known as “America’s Playground” is one example of a success story, and is now on its first stages of a $50-million renovation that will upgrade its waterfront to a high-tech border. Another is the popular 888casino, one of the operators that conduct online gambling activities, recently added a huge selection of games to its online collection. Casino games like blackjack, slots, and roulettes are now available online for IOS and Android users. Players are entitled to a $20 welcome bonus which also includes $10 free play, $1 Tournament Tickets for poker tournaments, and $1,500 worth of match bonuses.
BITCOIN AT LAND-BASED CASINOS
The Atlantic City and 888casino are recently in the news because of leveling up the game for New Jersey’s casino lovers, the former is a land-based casino and the latter is an online casino. 888casino allows Bitcoin banking for all players, but when will Atlantic City and other land-based casinos start doing the same? A small number of brick-and-mortar casinos already allows Bitcoin as a form of payment in the United States and Europe. Land-based casinos in Las Vegas such as Golden Gate Hotel & Casino and D Casino Hotel accept Bitcoin for food and gifts payments, while Merit Hotel Nicosia and Princess Star Casino in Europe accept Bitcoin as payment for hotel rooms and gambling halls. Most of these casinos processed the digital currency through BitPay on mobile devices.
Are we set to see land-based establishments offer Bitcoin casino games in the near future? The possibility of Bitcoin increasing the relevance of land-based casinos is high since it is the best alternative to casino chips. Bitcoin can guarantee increased revenue and mass popularity brought about by many users patronizing its decentralized transactions and lower fees.
